What is CSD?

CSD tracks an index of mostly large- and mid-cap US equities that have broken away from their parent firms in the last 4 years.

PERFORMANCE [as of 03/30/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CSD -3.45% 6.48% 6.48% -7.82% 26.17% 1.86% 5.81%
CSD (NAV) -3.52% 6.49% 6.49% -7.94% 25.84% 1.97% 5.81%
S&P U.S. Spin-Off Index -3.48% 6.64% 6.64% -7.34% 26.63% 2.62% 6.39%
MSCI USA IMI 1.17% 5.72% 5.72% -11.21% 17.54% 10.28% 11.67%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CSD Factset Analytics Insight

CSD offers niche equity exposure to spin-offs. The idea: A firm spun off from a larger parent has a singular focus on its core business, rather than being a rudderless component of a larger whole. Its S&P index uses a 4-year look back, and names can be added immediately once the monthly reconstitution rolls around. Single-name exposure can be concentrated up to 7% at rebalance. CSD pulls from a broad US index (not from the S&P 500) but screens out smaller firms with a minimum $1B market-cap screen. It applies no additional selection screens, however, thus offering reasonably pure-play exposure to its narrow thesis. Note: Prior to May 20, 2016, CSD tracked the Beacon Spin-off Index, which used different time horizons and had a growth-oriented multi-factor selection process. The change was material but the spin-off thesis remains the same.

CSD Summary Data

Invesco
12/15/06
0.65%
$52.56M
S&P U.S. Spin-Off Index
MSCI USA IMI
Open-Ended Fund

Peers

MSCI USA IMI

Fund Flows

$0.00B 5 Days
-$0.00B 30 Days
-$0.00B 90 Days

CSD Portfolio Data

$18.99B
15.28
3.06
0.81%
N/A
27

CSD Index Data

S&P U.S. Spin-Off Index
Market Cap
Time Since Listing
MSCI USA IMI

CSD Portfolio Management

0.65%
-0.57%
-0.47%
-0.69%

CSD Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

CSD Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Medium
Daily

Factset Analytics Block Liquidity

As of 03/31/23

This measurement shows how easy it is to trade a $1 million USD block of CSD. CSD is rated a 4 out of 5.

CSD Tradability

1,204
$68.92K
850
$50.80K
0.15%
$0.09
-0.02%
0.23% / -0.76%
None
100.00%
50,000
0.02
0.02%
0.28%
4
$55.77
4

CSD Sector/Industry Breakdown

CSD Segment
Benchmark
18.78% --
15.66% --
15.51% --
8.70% --
8.66% --
8.01% --
6.72% --
4.13% --
4.12% --
3.06% --

CSD Performance Statistics

0.87
0.99
1.01
0.96
0.60%
MSCI USA IMI

CSD Countries

CSD Segment
Benchmark
99.89% 99.91%
-- 0.09%

CSD Regions

CSD Segment
Benchmark
99.89% 100.00%

CSD Economic Development

CSD Segment
Benchmark
99.89% 100.00%
0.00% 0.00%

CSD Benchmark Comparison Holdings

27
2550
26
0.70%

CSD Benchmark Comparison Summary

CSD Segment
Benchmark
27 2550
$18.99B $396.16B
15.28 20.60
3.06 3.58
1.44% 1.59%
High Low

CSD Benchmark Comparison Market Cap Size

CSD Segment
Benchmark
45.54% 86.37%
41.91% 10.70%
11.88% 2.70%
0.55% 0.22%